Air Force Loan Repayment

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i got some sad news today. my recruiter just called me about a half hour ago saying that there is no more money for the loan repayment, and that i need to sign updated paperwork for an alternate. i don't know what that means. does anybody have any idea? like...could they possibly just give me loan repayment for the next fiscal year 2011?

Question for you, if I wind up with a 3 year contract, and then wanted to bump up to a 4 year contract (to get the bonus), could I do that after getting to COT or the first base they send me to? Is that possible or would I have to have everything totally worked out before being commissioned?

thanks!

If you want the bonus, you have to sign for that now. You can't refuse that and get it back; the bonus is more of a guaranteed thing from Congress and doesn't fluctuate from year to year or class to class (or month to month, for that matter).

Note this: what I'm seeing is if you EVER signed a piece of paper saying you'd accept the loan repayment, you'll be offered it EVEN if you later sign a document saying you understand it's not available.

I look at it this way (even if I wasn't planning on retirement from this gig!) - the economy SUCKS the big one right now. If you sign a piece of paper saying you'll give them four years, they HAVE to keep you the four years barring you either kill someone (ha ha) or you get injured somehow and you're medically separated. Nothing like having a guaranteed job for four years, right? AND you got an extra twenty grand in the process.

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